Hamburg-based Company HHLA Increases Presence in Ukraine with Terminal Acquisition
HHLA, a German logistics company, purchases a significant control over a railroad terminal in Ukraine. - HHLA, a logistics company based in Hamburg, seizes control over a significant railway terminal in Ukraine through a majority share purchase.
HHLA, a multinational company known for container handling and transport, has made its mark in Ukraine by acquiring a majority stake in the Eurobridge Intermodal Terminal in Batjowo. This acquisition, part of a joint venture with Fortior Capital, is undergoing approval by Ukrainian antitrust authorities.
The acquisition beefs up HHLA's presence in Ukraine, a vibrant country for intermodal freight transport. With over 20 years of experience in the region, HHLA already operates assets such as the Black Sea port of Odessa.
The terminal, initially focused on bulk cargo, will be transformed into a hub for international container transport—a strategy that aligns with HHLA's rail subsidiary Metrans' growth ambitions in intermodal logistics. This move aims to create a logistics corridor between the EU and Ukraine, aiding economic integration and strengthening trade connections, especially during tumultuous times.
Because of its strategic location on the border with Slovakia and Hungary, the terminal stands as a crucial junction along global railway corridors, potentially becoming a significant hub for logistics operations in the future. By the end of the year, container handling operations are expected to kick off, with further expansion feasible based on demand.
This considerable investment in Ukraine's logistics infrastructure by HHLA signals an aim to increase operational efficiency and connectivity within European rail freight.
- HHLA
- Ukraine
- Hamburg
- Investment
- Odessa
- Slovakia
- Hungary
- Strategic Expansion
- Logistics Corridor
Sources:
- "HHLA strengthens its position in Ukraine with acquisition", The Loadstar, 24 June 2023, [https://www.theloadstar.co.uk/hhla-strengthens-its-position-in-ukraine-with-acquisition/]
- "HHLA to increase container volume in Ukraine's Black Sea port of Odessa", Container Management, 27 June 2023, [https://www.container-management.com/hhla-to-increase-container-volume-in-ukraines-black-sea-port-of-odessa/]
- "HHLA to establish a joint venture in Ukraine", RailFreight, 28 June 2023, [https://www.railfreight.com/ehub/hu/hhla-to-establish-a-joint-venture-in-ukraine/]
- "HHLA's rail subsidiary expands intermodal logistics", Port Technology International, 29 June 2023, [https://www.porttechnology.org/news/hhlas-rail-subsidiary-expands-intermodal-logistics/]
The Commission's advice on the draft regulation regarding the implementation of the common fisheries policy might require careful consideration as HHLA, a Hamburg-based company, is expanding its business in Ukraine, particularly in the finance sector, through the acquisition of a terminal. This strategic expansion aims to strengthen trade connections, especially during challenging economic times.
